Updated 31 Minutes Ago
Highlights
Pet Friendly
Location
1116 Lake Terrace Rd, Elgin, IL 60123, USA|Willow Lakes Estates
Nearby rentals
Property management
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Amenities for 1116 Lake Terrace Rd, Willow Lakes Estates
Appliances
| Dishwasher |
Community
| Cats OK | Dogs OK |
| Fitness Center | Onsite Laundry |
| Residents Lounge |
Grounds
| Outdoor Space | Swimming Pool |
Services
| On-Site Management |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 1116 Lake Terrace Rd
55+ age qualified community. Discover a hidden gem of Elgin, IL at Willow Lake Estates. This 55+ age-qualified community is quietly tucked away from the hustle and bustle of the big city. Bordered by the Fox River, you are greeted with mature tree lines and natural landscaping right outside your doorway. Access the Fox River Trail, just across the river, and take a stroll through history on the nicely paved walking and biking trails that were once fully functioning railroad tracks. Nearby the pedestrian bridge, there are nesting areas for birds and a commonplace to spot eagles. The pathway spans 61 miles, making it the perfect place for a quick stroll or an extended-day adventure for active adults. Even transportation is made simple with bus access and quick two-minute commute to the interstate. There are many opportunities nearby for entertainment, relaxation or simply making everyday trips to the grocery or doctor's office. Find a diverse selection of restaurants as well as arts and entertainment, too. As a resident of the community, you can enjoy the benefits of living a maintenance-free lifestyle. Your site rent includes regular grass cutting, snow removal, use of our private stocked lake, community clubhouse with fitness center, library, and heated outdoor swimming pool. community beach with access by bridge to scenic island, laundry facility. Discover the place where comfort and convenience"Click here to view a virtual tour. Welcome to Willow Lake Estates, a 55+ age-qualified, active, and vibrant community where you can find yourself in your dream home. We have a stunning, brand-new 2025 2-bedroom, 2-bathroom home for sale featuring 1,251.84 sq. ft. of beautifully designed living space. Located in Elgin, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an inviting open-concept floor plan filled with bright, natural light. The gourmet kitchen boasts custom cabinetry and stainless steel appliances, perfect for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat, complete with a walk-in closet and a private en-suite bathroom. An additional bedroom provides great versatility for guests or a home office. Outside, you will enjoy a welcoming front porch and low-maintenance landscaping, ideal for unwinding. Located in the desirable Willow Lake Estates, residents enjoy access to a range of premium amenities including a lakefront clubhouse, a outdoor pool, and a fitness center. Conveniently situated near local shopping, dining, medical centers, and major highways, you'll have everything you need just minutes away. Call Lucas today for a showing.
Address details
| Neighborhood | Willow Lakes Estates |
|---|---|
| Zip code | 60123 |
| Type | House for rent |
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Rent trends in Willow Lakes Estates
2-bedroom apartments at 1116 Lake Terrace Rd cost about 3% more than the average rent price for 2-bedroom apartments in Willow Lakes Estates.
Median rents as of Sep 12 2026.
Willow Lakes Estates
Elgin
| Month | Median Rent |
|---|---|
| September 2024 | $2,207 |
| October 2024 | $2,168 |
| November 2024 | $2,144 |
| December 2024 | $2,000 |
| January 2025 | $2,062 |
| February 2025 | $1,961 |
| March 2025 | $2,019 |
| April 2025 | $1,820 |
| May 2025 | $1,865 |
| June 2025 | $1,985 |
| July 2025 | $2,012 |
| August 2025 | $1,989 |
| September 2025 | $1,965 |
| October 2025 | $1,952 |
| November 2025 | $1,815 |
| December 2025 | $1,789 |
| January 2026 | $1,822 |
| February 2026 | $1,789 |
| March 2026 | $1,940 |
| April 2026 | $2,062 |
| May 2026 | $2,075 |
| June 2026 | $1,993 |
| July 2026 | $1,904 |
| August 2026 | $2,048 |
| September 2026 | $2,037 |
| Month | Median Rent |
|---|---|
| June 2026 | $1,875 |
| July 2026 | $1,775 |
| August 2026 | $1,790 |
| September 2026 | $1,850 |
Affordability calculator
Can I afford to live at 1116 Lake Terrace Rd?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$76,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 2-bedrooms monthly rent price of $1,900.
For more information on rent affordability, visit our rent calculator.
Schools near 1116 Lake Terrace Rd
Century Oaks Elementary School
1235 braeburn dr
elgin, IL, 60123
PK, K-6Public
C+
Jerri Hoffmann Child & Family Center
229 lake marian rd
carpentersville, IL, 60110
PK, KPublic
District 158 Early Childhood Center
10910 reed rd
lk in the hls, IL, 60156
PKPublic
Oak Knoll Early Childhood Center
409 1st st
cary, IL, 60013
PK, KPublic
District 54 Early Learning Center
520 e schaumburg rd
schaumburg, IL, 60194
PKPublic
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Internet available near 1116 Lake Terrace Rd
Neighborhood
Willow Lakes Estates | Elgin, IL
Getting around Elgin near 1116 Lake Terrace Rd
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 1116 Lake Terrace Rd, Elgin
Groceries
3/10
Some groceries within a short drive
Shopping
3/10
Some shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
3/10
Some restaurants within a short drive
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
2/10
Few or no bars within a short drive
Explore the area around 1116 Lake Terrace Rd
Fox Valley Farmers Market
840 N State St
Armando's Supermarket
925 N Liberty St
Lina's Filipino Marketplace
10 Tyler Creek Plz
Elgin Fresh Market
822 Summit St
ALDI
799 Summit St
Bridal Expo Inc
400 River Ridge Dr
Dulces Boutique
1380 Dundee Ave
I Impress
637 Frazier St
Shoe Factory Condo Owners Associates
630 Congdon Ave
Golden Chain
701 N State St
Dunkin'
1169 Dundee Ave
Green Nutrition
750 Dundee Ave
Dunkin'
1730 N State St
Living Daylight Corp
1515 Dundee Ave
Roll-N-Donuts Cafe & Douangchay's Kitchen
270 N Grove Ave
Bennigan's
495 Airport Rd
Hoppe's Tavern
1075 N Liberty St
Estrells Del Millennium
850 N State St
The Afterset
158 Symphony Way
Dive Bar
109 E Highland Ave
Roll-N-Donut
1315 Dundee Ave
Lina's Filipino Marketplace
10 Tyler Creek Plz
Mi Alegria Bakery
130 Tyler Creek Plz
Pastigel Bakery
154 E Chicago St
Mama Lee's Popcorn
20 S Spring St
Slade Avenue Park
Forest
Meadow
Mable Avenue Park
Esmerelda Park
Bennigan's
495 Airport Rd
Dos Gallos
1010 Morton Ave
Smokehouse
968 Dundee Ave
La Flor Taqueria
910 Dundee Ave
Beef Villa
1055 Dundee Ave
345 West River Rd
North State - Spring Hill Mall
345 West River Rd
North State - Spring Hill Mall
333 West River Rd
North State - Spring Hill Mall
333 West River Rd
North State - Spring Hill Mall
411 West River Rd
North State - Spring Hill Mall
Elgin
Milwaukee West
Big Timber
Milwaukee West
National St
Milwaukee West
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Check availability
This property has an age requirement.